Please find the attached Outcome of Board Meeting
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The Board of Retaggio Industries Limited, at its meeting on 17th January 2026, approved the allotment of 16,95,846 Convertible Equity Warrants to M/s. Retaggio Trading Services LLP (a promoter group entity) on a preferential basis. The warrants are priced at Rs. 26 each (face value Rs. 10 + premium Rs. 16), aggregating to about Rs. 4.41 crores. The company has already received 25% of the issue price (Rs. 1.10 crores) as upfront application money, with the remaining 75% payable within 18 months upon conversion of warrants into equity shares. BSE had already granted in-principle approval on 8th January 2026, and shareholder approval was obtained via an earlier EGM. Post full conversion on a diluted basis, the promoter's holding would move from 52,50,000 shares (33.73%) to 1,09,92,000 shares (31.70%).
This is a promoter-group preferential infusion that strengthens promoter commitment but is dilutive to non-promoter shareholders once warrants convert within 18 months. The stock may see short-term pressure from dilution overhang, though the promoter taking fresh equity is generally viewed as a confidence signal.